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Will Joe Biden cancel student loan debt by executive order? [Video]

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Progressive Democrats have been pushing President Biden to use executive authority to cancel up to $50,000 in student loan debt.

President Joe Biden is calling on the secretary of education to weigh in on presidential legal authority to cancel student loan debt, White House Chief of Staff Ron Klain told Politico Thursday. Progressives in the Democratic party have pushed Biden hard to use executive authority to cancel up to $50,000 in student loan debt.

Canceling student loan debt was one of Biden's campaign promises, but with a cap of $10,000.

"Make loan forgiveness work for public servants by creating a new, simple program that offers $10,000 of undergraduate or graduate student debt relief for every year of national or community service, up to five years, and by fixing the existing Public Service Loan Forgiveness program," Biden's campaign website reads.

Klain told Politico that Biden wants the Department of Education to prepare a memo on the president's legal authority. "And hopefully we’ll see that …

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Long-Term Care Planning

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Long-Term Care Planning

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